BMO Announces Executive Appointments

BMO (BMO) appointed Tim Cox U.S. Country Head and CEO of its U.S. subsidiaries, effective November 1, 2026.

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BMO (BMO) appointed Tim Cox U.S. Country Head and CEO of its U.S. subsidiaries, effective November 1, 2026. Cox will lead BMO Financial Corp. and BMO Bank N.A., report to CEO Darryl White, join the Executive Committee and chair the U.S. Management Committee. Darrel Hackett intends to retire as U.S. CEO and will transition to Executive Vice-Chair and Senior Advisor effective November 1.

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• Tim Cox named U.S. Country Head
• Darrel Hackett to be appointed Executive Vice-Chair and Senior Advisor

TORONTO and CHICAGO, Oct. 20, 2026 /PRNewswire/ -- BMO today announced the appointment of Tim Cox as U.S. Country Head, BMO Financial Group, and CEO of BMO's U.S. subsidiaries BMO Financial Corp. and BMO Bank N.A.

Mr. Cox will report to Darryl White, Chief Executive Officer of BMO Financial Group, join the bank's Executive Committee and chair the U.S. Management Committee. His appointment is effective November 1, 2026. Mr. Cox joined BMO in 2010 and has held a number of senior Legal & Regulatory Compliance leadership roles, including Global Chief Regulatory Officer. Since 2022, he has served as U.S. General Counsel.

"As our U.S. Country Head, Tim's leadership, deep understanding of our business and commitment to serving our clients, colleagues and communities will be key to the continued success of our U.S. franchise," said Darryl White, Chief Executive Officer, BMO Financial Group. "Tim is a highly respected leader who has helped shape BMO's growth over the past 15 years, supporting the expansion of our business while strengthening the governance, risk management and regulatory foundation that underpins our success."

Darrel Hackett has shared his intention to retire from his role as U.S. CEO after more than 22 years with BMO. Mr. Hackett will transition to a role of Executive Vice-Chair and Senior Advisor effective November 1.

"Darrel has played a central role in advancing our North American growth strategy and helping build the U.S. business we have today," continued Mr. White. "Darrel is a tireless advocate for our clients, our employees and the communities we serve, and his leadership has strengthened relationships across our markets helping ensure we continue to deliver the insights, advice and capabilities our clients value most."

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving customers for more than 200 years and counting, BMO is a diversified team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to more than 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world and making progress for a thriving economy, sustainable future and inclusive society.

View original content:https://www.prnewswire.com/news-releases/bmo-announces-executive-appointments-302914546.html

SOURCE BMO Financial Group

FAQ

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Who will become BMO's U.S. CEO and when?

Tim Cox will become U.S. Country Head and CEO of BMO Financial Corp. and BMO Bank N.A. effective November 1, 2026. Darrel Hackett will transition to Executive Vice-Chair and Senior Advisor.